Shares of American Eagle Outfitters fell to a 52-week low on Friday after the company was downgraded on news that Susan P. McGalla, president and chief merchandising officer, will not renew her contract with the company.
American Eagle lost over 12 percent in morning trading, after Roxanne Meyer, retail analyst at Oppenheimer, downgraded the teen retailer to “perform” from “outperform.” In a research note, Meyer cited McGalla’s departure, fashion mistakes and the weak economy as the catalysts for the downgrade.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
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